US Treasury creates climate hub to coordinate tax, economic policy

US Treasury Secretary Janet Yellen announced on Monday the creation of a new climate office to oversee tax and economic policies to support the administration’s efforts to combat climate change.
20 April 2021, 18:00 PM

China regulator probes Alibaba-Minmetals JV

China’s market regulator is investigating a joint venture between e-commerce giant Alibaba Group and Minmetals Development, Minmetals said on Monday, amid a broad antitrust clampdown on internet firms.
20 April 2021, 18:00 PM

For India’s poor, lockdown policing adds to pandemic hardships

Poor Indians are bearing the brunt of “pandemic policing” as the country struggles to contain a deadly second wave of COVID-19 cases by imposing stricter curfew rules and curbs on movement, rights advocates said.
20 April 2021, 18:00 PM

Creating an enabling ecosystem for fintech

Covid-19 has accelerated technology adoption across the board. A key sector that has witnessed a boom is financial services, viz. mobile financial service (MFS), cards, and other alternative payment methods. Fintech has unpredictably and truly arrived in Bangladesh.
20 April 2021, 18:00 PM

Watermelon -- a game changer for Khulna’s coastal farmers

The people of Khulna had not even considered watermelon farming just 10 or 12 years ago, when thousands of acres of land would remain uncultivated after the aman paddy season.
20 April 2021, 18:00 PM

Value differs, so does tariff

It is a 1,496 cubic centimetres (cc) car. If you import two of the identical sport utility vehicles – one through Chattogram port and another through Mongla Port -- you are likely to see a gap in the assessment of the import value of the vehicles by customs in the two ports.
20 April 2021, 18:00 PM

Stock rally carries on

The stock market continued to rise for a sixth day yesterday, sans the two-day weekend, while turnover almost doubled thanks to an increase in the participation of investors despite a deterioration of the coronavirus pandemic.
20 April 2021, 18:00 PM

NBFI borrowers can defer repayments till June

Borrowers of non-bank financial institutions (NBFIs) will get a fresh repayment deferral support of three months till June 30 this year.
20 April 2021, 18:00 PM

Construction costs burdened with cement price rise

The price of each 50-kilogramme bag of cement has increased by around 12 per cent, or Tk 50, to Tk 450 to Tk 460 -- a development that will push up construction costs, be it the government’s development projects or privately-owned buildings.
20 April 2021, 18:00 PM

Banks open for limited hours till April 28

Bangladesh Bank has asked lenders to continue operating on a limited scale until the second week of the ongoing lockdown ends on April 28, all aimed at curbing the spread of Covid-19.
20 April 2021, 18:00 PM

Benapole port users at risk of Covid infection

Around 10,000 people involved with the Benapole port are at risk of getting infected with Covid-19 due to their reluctance to abide by health safety guidelines.
20 April 2021, 18:00 PM

Home delivery boom churns out 1 lakh jobs

Online shopping, grocery and food orders, which are growing at a fast clip, have emerged as a saviour for many during the pandemic as around one lakh people received jobs in the last year to cater to the delivery juggernaut.
20 April 2021, 18:00 PM

DBS, StanChart weigh bids as Citi retreats from Asia consumer business

Banks including DBS Group, Mitsubishi UFJ Financial Group, OCBC and Standard Chartered are set to bid for parts of Citigroup’s consumer business in Asia, people with direct knowledge of the matter said.
20 April 2021, 18:00 PM

Dubai Aerospace orders 15 Boeing 737 MAX jets

Dubai Aerospace Enterprise (DAE) on Tuesday announced an order for 15 Boeing 737 MAX 8 jets, signalling an end to the aircraft leasing giant’s pricing standoff with planemakers.
20 April 2021, 18:00 PM

Wall St headed for lower open as focus turns to tech earnings

Futures pointed to a lower open for Wall Street’s main indexes on Tuesday as investors banked on results from Netflix and other major technology-related companies this week to sustain the positive start to the earnings season.
20 April 2021, 18:00 PM

UK unemployment falls again under government’s jobs shield

Britain’s unemployment rate unexpectedly fell for a second month in a row to 4.9% in the December-to-February period, most of which the country spent under a tight COVID-19 lockdown, official figures showed on Tuesday.
20 April 2021, 18:00 PM

Borrowers of NBFIs to get repayment deferral support till June 30

Bangladesh Bank today said borrowers of non-bank financial institutions will get fresh repayment deferral support for three months till June 30 this year.
20 April 2021, 14:48 PM

Almost 1.46 lakh undocumented migrants accepted offer to go home or work legally in Malaysia

The Recalibration Plan for undocumented foreign workers has registered 145,830 migrants who took up the offer to return home, or work legally in Malaysia.
20 April 2021, 09:41 AM

Agro-based entrepreneurs getting support from US volunteer experts

Engagement of volunteer experts from USA with Bangladesh’s agro-based entrepreneurs has initiated USD 42,000 investments in improving food-safety in relevant industries since 2018.
20 April 2021, 09:27 AM

Banks to remain open from 10am to 1pm till April 28

Bangladesh Bank has asked all banks to continue their operations on a limited scale from April 21 to April 28 during the extended period of the ongoing lockdown to curb the Covid-19 infections.
20 April 2021, 09:07 AM